More tools

bull market

The bull market in US equities is now 10 years old. On 9 March 2009, following the dramatic declines as a result of the global financial crisis, US stocks finally started to climb up again. For the past decade, despite some nasty brief corrections, prices have continued to rise ever higher.

Something scary is bubbling under the surface in financial markets and could blow up into a sub-prime style crisis, leading fund managers have warned. The reason? Investors have become too complacent about macro risks and are behaving as if the era of cheap and easy money will never end.